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Stories Tagged as

Student loans

Will employers opt to help workers pay down student loans?

by David Brancaccio , Chris Farrell and Alex Schroeder
Oct 15, 2024
Research found that average retirement balances were lower for people paying off student loans compared to those who weren't making the payments.
"It’s likely now that with payments resuming, the negative impact on retirement savings will also resume," said Marketplace senior economics contributor Chris Farrell.
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It's really time to start repaying your student loans ... again

by Samantha Fields
Sep 30, 2024
Today marks the end of the one-year grace period the Biden administration tacked on to the federal government's pandemic pause of student loan repayment.
The student loan system has been in constant flux since the start of the COVID-19 pandemic.
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For Illinois students, the promises of for-profit colleges often ring hollow

by Lisa Kurian Philip
Jul 23, 2024
For-profit colleges sell a promise of success to marginalized groups, but often haven't delivered. Now, they may have to pay for it.
Some for-profit colleges, including DeVry University, are under fire for allegedly misleading students.
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Americans added more than $11 billion of consumer debt in May

by Mitchell Hartman
Jul 9, 2024
The amount includes money owed on things like credit cards, auto loans and student loans. Delinquencies are also rising.
Loan delinquencies 90-days or more past due are now the highest in more than a decade. 
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Have student loans? Want forgiveness? An important deadline is coming up.

by Samantha Fields
Apr 26, 2024
Certain federal loan holders must consolidate by April 30 to qualify through Income-Driven Repayment and Public Service Loan Forgiveness.
The Education Department is reviewing more than 40 million federal student loan accounts and granting credit for years of past payments that previously didn’t count toward forgiveness.
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Biden cancels $5.8 billion in student debt for public service workers

by Stephanie Hughes
Mar 22, 2024
The federal government is trying to make sure eligible borrowers are able to get credit for payments made under the Public Service Loan Forgiveness program.
Under the Public Service Loan Forgiveness program, eligible borrowers like teachers make student debt payments for a certain number of years and the rest should be forgiven. That hasn't always happened though.
Daniel Leal/AFP via Getty Images
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If your student loans were forgiven last year, what does that mean for your tax bill?

by Samantha Fields
Feb 15, 2024
Due to a temporary change in the law, student loan forgiveness is not considered federally taxable income. State tax laws vary, though.
Anyone who received forgiveness in 2023 or gets it in the next two years doesn’t have to worry about federal taxes.
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As student loan payments resume, private sector sees an opportunity

by Stephanie Hughes
Oct 9, 2023
According to PitchBook, there’s been nearly $1.2 billion invested in student loan management startups in the past year.
After not having to deal with student debt for more than three years, many people are feeling anxious about repayments.
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As student loan payments restart, borrowers feel the pinch. The economy might too.

by Henry Epp
Oct 2, 2023
Obligations resuming after three years could be a rude awakening for some. But by itself, it's not likely to start a recession, experts say.
The return of student loan obligations probably won’t tip us into a recession, but millions of Americans will feel the financial pinch, said Shannon Seery of Wells Fargo.
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Which student loan relief plan makes the most sense for you?

by Janet Nguyen
Sep 20, 2023
There are still options for borrowers, despite the defeat of Biden’s cancellation plan. The new SAVE repayment plan is one of them.
While the Biden administration wasn't able to strike down $20,000 in student loan debt, one change it's pushing is a reformed repayment plan.
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